Capital B Buys 192 BTC After $20M Raise as Treasury Strategy Accelerates

Capital B purchased 192 BTC for approximately $15 million, increasing total holdings to 3,135 bitcoin. The purchase followed capital raises totaling about $20 million, with proceeds allocated to additional bitcoin purchases. The financing included a private placement of more than 23 million shares bundled with warrants, raising about $17.9 million, and attracting institutional investors including Adam Back and TOBAM. Capital B reported accumulating its bitcoin holdings at an aggregate acquisition cost of about $330 million, implying an average purchase price near $105,249. The company rebranded in July 2025 to focus on a dedicated bitcoin treasury strategy and disclosed performance metrics including BTC yield and bitcoin-related gains.

"Capital B, the French company formerly known as The Blockchain Group, has expanded its bitcoin reserves with the purchase of 192 BTC valued at approximately $15 million (13 million), continuing an aggressive treasury strategy backed by institutional investors including Blockstream CEO, Adam Back."

"The acquisition follows a series of capital raises finalized this week that brought in roughly $20 million (17.15 million), according to the company's official statement. Capital B said the proceeds were deployed as planned toward additional bitcoin purchases. The financing package included multiple components, with the largest portion of $17.9 million (15.2 million) secured through a private placement of more than 23 million shares bundled with warrants."

"Following the latest purchase, Capital B's total bitcoin holdings have risen to 3,135 BTC. The company said those holdings were accumulated at a total acquisition cost of approximately $330 million (283.6 million), implying an average purchase price of $105,249."

"Capital B rebranded from The Blockchain Group in July 2025 as it shifted toward a dedicated bitcoin treasury strategy, joining a growing list of public companies using equity markets to accumulate digital assets. The company also disclosed internal performance metrics tied to its bitcoin strategy. Year to date, it reported a BTC yield of 1.82% and a quarterly yield of 1.09%."

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